The BSE Midcap and Smallcap indices have rallied over a per cent each at 10,742 and 11,289, respectively.
The market has rallied smartly in the early noon deals after the Economy Survey 2014-15 showed that FY16 GDP growth seems in the range of 8.1-8.5 per cent.
The Survery added that India's GDP is pegged to grow at 7.4 per cent for the current fiscal.
At 12:42 PM, the S&P BSE Sensex is trading at 28,990 up 243 points, while NSE Nifty is trading at 8,767 up 83 points.
The broader market continues to trade on a firm note, the BSE Midcap and Smallcap indices have rallied over a per cent each at 10,751 and 11,291, respectively.
All sectoral indices are trading on a positive note, except, the BSE FMCG index - down over a per cent at 8,484.
The Realty and Capital Goods indices have soared over 3 per cent each at Rs 1,821 and 17,735, respectively. The Metal index has surged nearly 3 per cent at 10,568.
The Bankex, Auto and Power indices are the other significant gainers.
On the BSE, the breadth is bullish - out of 2,632 stocks traded 1,619 stocks are advancing, while 914 stocks are declining.
There are no losers in metal space - Jindal Steel has zoomed over 6.5 per cent at Rs. 196. NMDC has soared nearly 4 per cent at Rs. 142.
Hindalco and SAIL have jumped over 3 per cent each at Rs. 154 and Rs. 69.85, respectively.
Coal India, Sesa Sterlite, Tata Steel and JSW Steel are the other significant gainers.
The Survery added that India's GDP is pegged to grow at 7.4 per cent for the current fiscal.
At 12:42 PM, the S&P BSE Sensex is trading at 28,990 up 243 points, while NSE Nifty is trading at 8,767 up 83 points.
The broader market continues to trade on a firm note, the BSE Midcap and Smallcap indices have rallied over a per cent each at 10,751 and 11,291, respectively.
All sectoral indices are trading on a positive note, except, the BSE FMCG index - down over a per cent at 8,484.
The Realty and Capital Goods indices have soared over 3 per cent each at Rs 1,821 and 17,735, respectively. The Metal index has surged nearly 3 per cent at 10,568.
The Bankex, Auto and Power indices are the other significant gainers.
On the BSE, the breadth is bullish - out of 2,632 stocks traded 1,619 stocks are advancing, while 914 stocks are declining.
There are no losers in metal space - Jindal Steel has zoomed over 6.5 per cent at Rs. 196. NMDC has soared nearly 4 per cent at Rs. 142.
Hindalco and SAIL have jumped over 3 per cent each at Rs. 154 and Rs. 69.85, respectively.
Coal India, Sesa Sterlite, Tata Steel and JSW Steel are the other significant gainers.
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